Seneca IM's Elston: BoE cannot boost economic growth alone
Government should step in
Peter Elston, CIO at Seneca Investment Managers, has said the British government should buy UK equities to help the Bank of England boost the economy.
He said the government should buy UK equities because the asset class would offer higher returns than long-dated bonds. Referring to the Treasury's recent sale of 0.125% 50-year inflation-linked gilts...
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